Civic Intelligence

Alaska Power Association - Amended

990 • Fiscal year 2018 • EIN 92-0069880

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 09, 2019

703 West Tudor Road Suite 200Anchorage, AK 99503

(907) 771-5704

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.11x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

55th percentile

5.2%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$266,120

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

11%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$569,528

Up $75,328 (+15%) from 2017

Net Assets

Up

$463,717

Up $51,941 (+13%) from 2017

Liabilities

Up

$105,811

Up $23,387 (+28%) from 2017

Revenue

Up

$989,533

Up $99,651 (+11%) from 2017

Expenses

Up

$937,592

Up $131,266 (+16%) from 2017

Net Income

Down

$51,941

Down $31,615 (-38%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $768,900Liabilities 2010: $258,180Net Assets 2010: $510,7202010Assets 2011: $769,469Liabilities 2011: $216,621Net Assets 2011: $552,8482011Assets 2012: $525,838Liabilities 2012: $251,901Net Assets 2012: $273,9372012Assets 2013: $419,734Liabilities 2013: $181,374Net Assets 2013: $238,3602013Assets 2014: $312,886Liabilities 2014: $72,559Net Assets 2014: $240,3272014Assets 2015: $371,307Liabilities 2015: $74,883Net Assets 2015: $296,4242015Assets 2016: $396,783Liabilities 2016: $68,563Net Assets 2016: $328,2202016Assets 2017: $494,200Liabilities 2017: $82,424Net Assets 2017: $411,7762017Assets 2018: $569,528Liabilities 2018: $105,811Net Assets 2018: $463,7172018Assets 2019: $704,763Liabilities 2019: $114,659Net Assets 2019: $590,1042019Assets 2020: $884,931Liabilities 2020: $111,881Net Assets 2020: $773,0502020Assets 2021: $819,416Liabilities 2021: $93,790Net Assets 2021: $725,6262021Assets 2022: $851,633Liabilities 2022: $125,302Net Assets 2022: $726,3312022Assets 2023: $1,034,910Liabilities 2023: $158,317Net Assets 2023: $876,5932023Assets 2024: $1,046,948Liabilities 2024: $132,636Net Assets 2024: $914,3122024

Highlighted filing

2018

Assets$569,528
Liabilities$105,811
Net Assets$463,717

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $887,984Expenses 2010: $871,126Net Income 2010: $16,8582010Revenue 2011: $861,849Expenses 2011: $818,428Net Income 2011: $43,4212011Expenses 2012: $858,6192012Revenue 2013: $870,350Expenses 2013: $905,927Net Income 2013: -$35,5772013Revenue 2014: $920,869Expenses 2014: $918,902Net Income 2014: $1,9672014Revenue 2015: $952,626Expenses 2015: $896,529Net Income 2015: $56,0972015Revenue 2016: $894,949Expenses 2016: $863,153Net Income 2016: $31,7962016Revenue 2017: $889,882Expenses 2017: $806,326Net Income 2017: $83,5562017Revenue 2018: $989,533Expenses 2018: $937,592Net Income 2018: $51,9412018Revenue 2019: $1,177,242Expenses 2019: $1,050,855Net Income 2019: $126,3872019Revenue 2020: $1,172,073Expenses 2020: $979,706Net Income 2020: $192,3672020Revenue 2021: $909,546Expenses 2021: $956,528Net Income 2021: -$46,9822021Revenue 2022: $977,504Expenses 2022: $980,691Net Income 2022: -$3,1872022Revenue 2023: $1,269,873Expenses 2023: $1,120,980Net Income 2023: $148,8932023Revenue 2024: $1,232,684Expenses 2024: $1,224,470Net Income 2024: $8,2142024

Highlighted filing

2018

Revenue$989,533
Expenses$937,592
Net Income$51,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 9, 2019
Return Version
2018v3.1
Gross Receipts
$997,878
Mission and Program Overview

Mission

The purpose of the organization is to promote and encourage cooperation among alaska electric utilities and their customers while promoting the operation of electrical plants adequate for the needs of alaskan consumers.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$162,433$250,122▲ $87,689
Savings and Temporary Cash Investments$173,857$174,268▲ $411
Land, Buildings, and Equipment, Net$23,292$24,831▲ $1,539
Prepaid Expenses and Deferred Charges$30,299$16,787▼ $13,512
Accounts Receivable$1,336$9,933▲ $8,597
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$494,200$569,528▲ $75,328
Other Assets Total$102,983$93,587▼ $9,396
Liabilities
Accounts Payable and Accrued Expenses$81,324$71,761▼ $9,563
Other Liabilities$1,100$34,050▲ $32,950
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$82,424$105,811▲ $23,387
Net Assets / Fund Balance
Unrestricted Net Assets$411,776$463,717▲ $51,941
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$411,776$463,717▲ $51,941
Total Liabilities and Net Assets / Fund Balance$494,200$569,528▲ $75,328

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,831$74,969$99,800
Buildings$0$61,114$61,114
Other Assets Org$42--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Crystal EnkvistExecutive DirectorPT$85,276$47,784$133,060
Brenda MeadCFO-$7,104$3,897$11,001

Board Members and Trustees

NameTitle
Ben FrantzPresident
John SloanVice President
Dan WintersDirector
David ThomasDirector
Gary HennighDirector
George HornbergerDirector
Henry StrubDirector
John DuhamelDirector
John HandelandDirector
Linda FreedDirector
Martin ShroyerDirector
Nanci Morris LyonsDirector
Peter BurchellDirector
Reese HuhtaDirector
Trey ActesonDirector
Joe CookDirector - INCOMING
Patience FaulknerDirector - OUTGOING
Meera KohlerSecretary
Jodi MitchellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$583,300
Program Service Revenue
$405,901
Investment Income
$414
Other Revenue
$-82
All Other Contributions
$15,700
Change in Net Assets
$51,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$989,533
Revenue Not Reported on Form 990
$8,345
Total Revenue per Audited Statements
$997,878
Total Revenue per Form 990
$989,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$507,232
Other Expenses$430,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$202,066
Conferences and Meetings---$148,634
Current Officers, Directors, Trustees, and Key Employees---$144,060
Other Employee Benefits---$80,491
Pension Plan Contributions---$58,623
Travel---$53,048
Occupancy---$40,316
Fees for Services Legal---$36,931
Fees for Services Lobbying---$35,000
Office Expenses---$32,046
Payroll Taxes---$21,992
Fees for Services Other---$16,454
Fees for Services Accounting---$16,350
Information Technology---$15,110
Insurance---$11,886
Advertising---$7,383
Depreciation Depletion---$6,711
Other Expenses---$2,289
Total Functional Expenses$0$0$0$937,592

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$945,937
Expenses per Audited Statements$937,592
Total Expenses per Form 990$937,592
Expenses Not Reported on Form 990$8,345
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$41,395
Current Year Nondeductible Lobbying and Political Cost$35,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$34,050
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

APA members do not receive distributions of income or assets from the organization but there is a membership structure in place that is outlined in our bylaws.

FORM 990, PART VI, SECTION B, LINE 11:

The CFO will review the completed Form 990 for accuracy and then give it to the executive director to review and sign.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest statements are distributed in meeting packets and collected annually at the APA annual meeting. For any board of director who was not in attendance or did not return a statement, the executive coordinator sends out, via email and USPS, reminders/requests to complete and return statements. At this time there is no consequence for not returning the conflict of interest statement but the board is considering this issue.

FORM 990, PART VI, SECTION C, LINE 19:

Alaska Power Association's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Alaska Power Association
EIN
92-0069880
In Care Of
% BRENDA MEAD CFO
Phone
9077715704
Address
703 West Tudor Road Suite 200, Anchorage, AK 99503

Signing Officer

Name
Crystal Enkvist
Title
Executive Director
Phone
9077715701
Signed
2019-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Crystal Enkvist
Formed
1977
Legal Domicile
Ak
Voting Board Members
19
Independent Board Members
19
Employees
12
Volunteers
38

Preparer

Firm
Bdo USA Llp
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Nayyir Rawhani CPA
Phone
9072788878
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

Promote and encourage cooperation among Alaska electric utilities and their customers while promoting the operation of electrical plants adequate for the needs of Alaskan consumers.

FORM 990, PARET VI, SECTION B, LINE 15A:

A joint committee composed of the executive committee and the exchange management board meet annually to provide an annual review of the executive director and review and make recommendations to the full board on the annual compensation for that position. The executive director's compensation is allocated 50/50 between APA and ARECA insurance exchange.

Financial Statement Notes

FORM 990, SCHEDULE D, PART XI, LINE 2D:

Rental expenses netted against rental revenue.

FORM 990, SCHEDULE D, PART XII, LINE 2D:

Rental expenses netted against rental revenue.

FORM 990, SCHEDULE D, PART X, LINE 2:

The association applies the provisions of topic 740 of the fasb accounting standards codification relating to accounting for uncertainty in income taxes. The association annually reviews its tax return and positions taken in accordance with the recognition standards. The association believes that it has no uncertain tax positions which would require disclosure or adjustment in these consolidated financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm3Jodi Mitchell
IRS990/Form990PartVIISectionAGrp/PersonNm4John Duhamel
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IRS990/Form990PartVIISectionAGrp/PersonNm6Joe Cook
IRS990/Form990PartVIISectionAGrp/PersonNm7David Thomas
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IRS990/Form990PartVIISectionAGrp/PersonNm9Gary Hennigh
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IRS990/Form990PartVIISectionAGrp/PersonNm11Martin Shroyer
IRS990/Form990PartVIISectionAGrp/PersonNm12Peter Burchell
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IRS990/Form990PartVIISectionAGrp/PersonNm17Dan Winters
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IRS990/Form990PartVIISectionAGrp/PersonNm19Crystal Enkvist
IRS990/Form990PartVIISectionAGrp/PersonNm20Brenda Mead
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20134977
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director - OUTGOING
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director - INCOMING
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01977
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt015110
IRS990/InsuranceGrp/TotalAmt011886
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0414
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0542600
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE AND ENCOURAGE COOPERATION AMONG ALASKA ELECTRIC UTILITIES AND THEIR CUSTOMERS WHILE PROMOTING THE OPERATION OF ELECTRICAL PLANTS ADEQUATE FOR THE NEEDS OF ALASKAN CONSUMERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
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IRS990/NetAssetsOrFundBalancesEOYAmt0463717
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/TotalAmt032046
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IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt080491
IRS990/OtherExpensesGrp/Desc0SEMINARS AND EDUCATION
IRS990/OtherExpensesGrp/Desc1EQUIPMENT MAINTENANCE
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IRS990/OtherExpensesGrp/TotalAmt12289
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IRS990/OtherLiabilitiesGrp/EOYAmt034050
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016787
IRS990/PrincipalOfficerNm0Crystal Enkvist
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0MEETING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196995
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0266625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1108267
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231009
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt011272
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt17400
IRS990/ProgSrvcAccomActy2Grp/Desc0General Program
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0576725
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0204
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IRS990/PYOtherExpensesAmt0320791
IRS990/PYOtherRevenueAmt0626
IRS990/PYProgramServiceRevenueAmt0312327
IRS990/PYRevenuesLessExpensesAmt083556
IRS990/PYSalariesCompEmpBnftPaidAmt0485535
IRS990/PYTotalExpensesAmt0806326
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0889882
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt051941
IRS990/RegularMonitoringEnfrcInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.13$0.91$1.23$1.22$0.01
2023Summary only. Only limited summary data is available for this year.$1.03$0.16$0.88$1.27$1.12$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.13$0.73$0.98$0.98$0.00
2021Summary only. Only limited summary data is available for this year.$0.82$0.09$0.73$0.91$0.96$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.11$0.77$1.17$0.98$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.11$0.59$1.18$1.05$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.11$0.46$0.99$0.94$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.08$0.41$0.89$0.81$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.07$0.33$0.89$0.86$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.95$0.90$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.07$0.24$0.92$0.92$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.18$0.24$0.87$0.91$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.25$0.27$0.86
2011Summary only. Only limited summary data is available for this year.$0.77$0.22$0.55$0.86$0.82$0.04
2010Summary only. Only limited summary data is available for this year.$0.77$0.26$0.51$0.89$0.87$0.02